Brighton Jones LLC Sells 370 Shares of Trane Technologies plc (NYSE:TT)

Brighton Jones LLC reduced its stake in Trane Technologies plc (NYSE:TT) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,224 shares of the company’s stock after selling 370 shares during the period. Brighton Jones LLC’s holdings in Trane Technologies were worth $1,030,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TT. BKM Wealth Management LLC bought a new stake in shares of Trane Technologies in the fourth quarter worth about $25,000. Venturi Wealth Management LLC increased its stake in Trane Technologies by 139.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock worth $31,000 after purchasing an additional 88 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in Trane Technologies by 27.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock worth $47,000 after buying an additional 41 shares during the period. Ancora Advisors LLC bought a new position in Trane Technologies in the third quarter valued at approximately $40,000. Finally, Operose Advisors LLC acquired a new position in shares of Trane Technologies in the third quarter valued at approximately $53,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 0.7 %

Trane Technologies stock opened at $315.08 on Thursday. The stock has a 50-day simple moving average of $294.39 and a 200 day simple moving average of $256.74. The stock has a market capitalization of $71.39 billion, a P/E ratio of 33.66, a PEG ratio of 2.61 and a beta of 1.01. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.13. Trane Technologies plc has a 52 week low of $162.04 and a 52 week high of $327.09.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the firm posted $1.41 EPS. The company’s quarterly revenue was up 15.0% on a year-over-year basis. Analysts expect that Trane Technologies plc will post 10.49 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.84 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.07%. Trane Technologies’s dividend payout ratio (DPR) is currently 35.90%.

Insider Buying and Selling

In other Trane Technologies news, EVP Paul A. Camuti sold 508 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $273.34, for a total transaction of $138,856.72. Following the transaction, the executive vice president now owns 89,447 shares in the company, valued at approximately $24,449,442.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Trane Technologies news, CEO David S. Regnery sold 6,990 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total value of $2,000,468.10. Following the completion of the transaction, the chief executive officer now owns 113,874 shares of the company’s stock, valued at approximately $32,589,600.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Paul A. Camuti sold 508 shares of Trane Technologies stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $273.34, for a total transaction of $138,856.72. Following the sale, the executive vice president now owns 89,447 shares in the company, valued at $24,449,442.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,237 shares of company stock valued at $8,024,534. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Robert W. Baird increased their target price on Trane Technologies from $315.00 to $344.00 and gave the stock a “neutral” rating in a report on Wednesday. Mizuho lifted their target price on Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday. TD Cowen upped their price target on Trane Technologies from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada raised their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a research note on Friday, February 2nd. Finally, Barclays boosted their price objective on shares of Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Trane Technologies presently has a consensus rating of “Hold” and an average target price of $288.38.

About Trane Technologies

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.